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echeck questions - split payments, fees, multiple recipients

I am a developer and I have a client asking for some echeck programming. A few questions:

 

- Can echeck process transactions from any bank account to any bank account? Or does the merchant's Authorize.net account have to be in on that transaction?

- Can split transactions occur? Example: customer buys something online and enters their bank account info. Can funds go to 2 different bank accounts?

- Can an echeck merchant account pay 200 different recipients, straight to their bank accounts, in a single transaction?

 

What does authnet charge for echeck transactions? (I've looked on the website and can't find this)


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Accepted by topic author ZeroGravPro
‎08-21-2015 01:58 AM
Posts: 2,765
Topics: 57
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Blog Posts: 67
Registered: ‎12-05-2011

Re: echeck questions - split payments, fees, multiple recipients

Hello @ZeroGravPro 

 

What you are describing is person to person payments, which is not supported by the gateway.  With eCheck, merchants can accept payment from a customer and have those funds transfered into their bank account.  The services your client is asking about may be available from their own bank.

 

Richard

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Solution
Accepted by topic author ZeroGravPro
‎08-21-2015 01:58 AM
Posts: 2,765
Topics: 57
Kudos: 269
Blog Posts: 67
Registered: ‎12-05-2011

Re: echeck questions - split payments, fees, multiple recipients

Hello @ZeroGravPro 

 

What you are describing is person to person payments, which is not supported by the gateway.  With eCheck, merchants can accept payment from a customer and have those funds transfered into their bank account.  The services your client is asking about may be available from their own bank.

 

Richard